the best time for high POS is NOW!you cant rely on any of the cloud mining providers as they close operations one by oneBut if you have market gateways TEK\BTC - you have good-cheap-virtual-mining-power!just look at the HYP.. it found its floor and is stable - just a model of whats gonna happen here, but happened allready at HYP market becouse of the higher supply

I have recent wallet version and tried to sync whole blockchain from beginning. But my wallet has stucked at block 683657 and even adding more peers to .conf can't change it. Is there any recent list of nodes?What elese can i do?

I have recent wallet version and tried to sync whole blockchain from beginning. But my wallet has stucked at block 683657 and even adding more peers to .conf can't change it. Is there any recent list of nodes?What elese can i do?

the best time for high POS is NOW!you cant rely on any of the cloud mining providers as they close operations one by oneBut if you have market gateways TEK\BTC - you have good-cheap-virtual-mining-power!just look at the HYP.. it found its floor and is stable - just a model of whats gonna happen here, but happened allready at HYP market becouse of the higher supply

peace

Yes indeed, this is a great time to invest, as price and difficulties are super low. The fundamentals of TEK have never been better.

It is, however, a fact that TEK is a niche coin and we roll with the price of bitcoin. And I predict another wave of interest as central banks around the world come under increasing criticism for what I can only describe as lunacy monetary policy. People of all nations will be seeking safety from their inflated national currencies. That should bring a lot of new eyes on enduring cryptos like TEK. We just have to keep spreading the gospel. Cheers.

the best time for high POS is NOW!you cant rely on any of the cloud mining providers as they close operations one by oneBut if you have market gateways TEK\BTC - you have good-cheap-virtual-mining-power!just look at the HYP.. it found its floor and is stable - just a model of whats gonna happen here, but happened allready at HYP market becouse of the higher supply

peace

Yes indeed, this is a great time to invest, as price and difficulties are super low. The fundamentals of TEK have never been better.

It is, however, a fact that TEK is a niche coin and we roll with the price of bitcoin. And I predict another wave of interest as central banks around the world come under increasing criticism for what I can only describe as lunacy monetary policy. People of all nations will be seeking safety from their inflated national currencies. That should bring a lot of new eyes on enduring cryptos like TEK. We just have to keep spreading the gospel. Cheers.

Yes agreed.

If anybody is interested in the banking ponzi, scandal, scam, see the link below:

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave the power to create money, and with the flick of a pen they will create enough money to buy it back again. Take this power away from them and all great fortunes like mine would disappear, and they ought to disappear, for then this would be a better and a happier world to live in. But if you want to continue to be the slaves of the banks and pay the cost of your own slavery, then let the bankers continue to create money and control credit" Sir Josiah Stamp, Director, Bank of England 1928-1941.

They have been at it for a long time.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." Lord Acton, (1834-1902).

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave the power to create money, and with the flick of a pen they will create enough money to buy it back again. Take this power away from them and all great fortunes like mine would disappear, and they ought to disappear, for then this would be a better and a happier world to live in. But if you want to continue to be the slaves of the banks and pay the cost of your own slavery, then let the bankers continue to create money and control credit" Sir Josiah Stamp, Director, Bank of England 1928-1941.

They have been at it for a long time.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." Lord Acton, (1834-1902).

Great link. I used the term 'gospel' ironically because it really takes a leap of faith to believe in the current system, as there is nothing but blind trust backing it. For most people I talk with, it's the only thing that has ever been taught to them, the only system they know, so there is this inherent fear and distrust of alternatives. And it doesn't help that we are constantly bombarded propaganda by the media, governments, and the rich with vested interests. It does take a bold and inquisitive mind to question the status quo. More so to act against it.

But every day, by no fault of their own, more and more people cross to the losing side of this system. This is the catalyst for change, the red-pill moment if you will, when people wake up and begin to question the system and who most benefits from it. We can only welcome them.

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave the power to create money, and with the flick of a pen they will create enough money to buy it back again. Take this power away from them and all great fortunes like mine would disappear, and they ought to disappear, for then this would be a better and a happier world to live in. But if you want to continue to be the slaves of the banks and pay the cost of your own slavery, then let the bankers continue to create money and control credit" Sir Josiah Stamp, Director, Bank of England 1928-1941.

They have been at it for a long time.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." Lord Acton, (1834-1902).

Great link. I used the term 'gospel' ironically because it really takes a leap of faith to believe in the current system, as there is nothing but blind trust backing it. For most people I talk with, it's the only thing that has ever been taught to them, the only system they know, so there is this inherent fear and distrust of alternatives. And it doesn't help that we are constantly bombarded propaganda by the media, governments, and the rich with vested interests. It does take a bold and inquisitive mind to question the status quo. More so to act against it.

But every day, by no fault of their own, more and more people cross to the losing side of this system. This is the catalyst for change, the red-pill moment if you will, when people wake up and begin to question the system and who most benefits from it. We can only welcome them.

It is no accident that monetary policy is only vaguely alluded to in public schools in the US. I can't speak to other nations because I don't know. But the history I was taught in the 70's and 80's bears little resemblance to the actual history of the founding of the nation, and did not mention monetary policy AT ALL until they spoke of the great depression. And then they straight lied. We are spoonfed a version of history that makes the rulers look noble, if occasionally misguided. Fortunately for me, I am a naturally inquisitive person. Unfortunately, I was in my 3rd decade when I started to understand the pervasive nature of the ponzi scheme known as the federal reserve, and to learn that it was the proximate cause of the so-called business cycle.

I agree that TEK and other high POS coins are a fair hedge against fiat money, but I also think they need to be a) decoupled from bitcoin and b) given a great deal more public exposure. I'm working on the first part, but don't know what to do about the second

I agree that TEK and other high POS coins are a fair hedge against fiat money, but I also think they need to be a) decoupled from bitcoin and b) given a great deal more public exposure. I'm working on the first part, but don't know what to do about the second

Hi Biomech, if you can find the time could you please expand on this: "I also think they need to be a) decoupled from bitcoin".

This too, "I'm working on the first part".

The second part, part b) is about promotion, who is the target audience?

I think the ideal target audience is Joe Public but that is a very big audience and needs helpers, a plan, as well as money to make it work, but not impossible, there are ways to do both and self fund.

I think there is another issue that comes before the other two that you have identified perhaps.

Joe Public needs to be able to get his hands on coins easily, Joe Public it seems to me doesn't mind spending $10 or $20 on something so long as Joe can do it easily.

Figuring out how to buy BITcoin, then going through the process of buying it, then going through the process of building wallets, then going through the process of exchanging it for the coin of your choice, will just not cut it with Joe, he wants it all now, instantly, perhaps that is what you mean by "I also think they need to be a) decoupled from bitcoin"?

It is no accident that monetary policy is only vaguely alluded to in public schools in the US. I can't speak to other nations because I don't know. But the history I was taught in the 70's and 80's bears little resemblance to the actual history of the founding of the nation, and did not mention monetary policy AT ALL until they spoke of the great depression. And then they straight lied. We are spoonfed a version of history that makes the rulers look noble, if occasionally misguided. Fortunately for me, I am a naturally inquisitive person. Unfortunately, I was in my 3rd decade when I started to understand the pervasive nature of the ponzi scheme known as the federal reserve, and to learn that it was the proximate cause of the so-called business cycle.

I agree that TEK and other high POS coins are a fair hedge against fiat money, but I also think they need to be a) decoupled from bitcoin and b) given a great deal more public exposure. I'm working on the first part, but don't know what to do about the second

Glad to see there is like-mindedness here. I can only speak as a Canadian, and here our banks are revered, almost perversely worshipped as pillars of the economy because we survived the 2008 financial crisis largely unscathed. But it was much due to oil wealth and government back-stopping, contrary to the official line. This time will be different if the global recession we are entering is protracted and oil production remains unprofitable -- hubris has given us massive bubbles in real estate and personal debt. Deflation will absolutely slam us. However, very few expect this. A great humbling will come.

But to stay on topic, I believe and have put money into cryptos like TEK for the reasons you state, a hedge against insane monetary policy. And it would be my wish that the growing communities of these coins band together and form an alt economy, as practical as that can be when we're all scattered across the globe. It could involve business partnerships, trade, investments, financing, angel funds, rewards, charity -- you name it. This might give coins like TEK needed utility, extra value and differentiate it from the others. Cheers.

And it would be my wish that the growing communities of these coins band together and form an alt economy, as practical as that can be when we're all scattered across the globe. It could involve business partnerships, trade, investments, financing, angel funds, rewards, charity -- you name it. This might give coins like TEK needed utility, extra value and differentiate it from the others. Cheers.

I think this is already happening, it's called SuperNet that operates mostly through the Nxt Coin platform.

I agree that TEK and other high POS coins are a fair hedge against fiat money, but I also think they need to be a) decoupled from bitcoin and b) given a great deal more public exposure. I'm working on the first part, but don't know what to do about the second

Hi Biomech, if you can find the time could you please expand on this: "I also think they need to be a) decoupled from bitcoin".

This too, "I'm working on the first part".

Sure. Right now just about all alt coins trade against bitcoin, which bolsters bitcoin, but not really the coins themselves. They need more outlets, fiat, goods and services, even trade against other alts. Some headway has been made in a half-hearted way against a couple of alts, and almost none with regard to fiat. Easy interchangeability, whatever your political viewpoing, is an absolute necessity to the success of any currency, digital or otherwise, unless it's just among a small, select community. In that case, it has little utility.

As for "I'm working on the first part": I work under a rather restrictive NDA, but go here: www.incryptex.com There will be a lot more information forthcoming in the near future. Without permission, I can't say much more than that. But we're all crypto believers, and we have the backing to make things happen. But with the failures and just plain sloppiness that abound in the crypto world, we're being very, VERY careful to get it right the first time.

Quote

The second part, part b) is about promotion, who is the target audience?

I think the ideal target audience is Joe Public but that is a very big audience and needs helpers, a plan, as well as money to make it work, but not impossible, there are ways to do both and self fund.

I think there is another issue that comes before the other two that you have identified perhaps.

Joe Public needs to be able to get his hands on coins easily, Joe Public it seems to me doesn't mind spending $10 or $20 on something so long as Joe can do it easily.

Figuring out how to buy BITcoin, then going through the process of buying it, then going through the process of building wallets, then going through the process of exchanging it for the coin of your choice, will just not cut it with Joe, he wants it all now, instantly, perhaps that is what you mean by "I also think they need to be a) decoupled from bitcoin"?

Um, I don't know?

Thanks.

Yeah, that's part of it. As a matter of technical truth, Bitcoin and alts settle and are finalized in minutes to hours, whereas fiat monies generally take seven to fourteen days. But your Joe don't know that, because his VISA works right now (apparently, if not in reality). Alts (and bitcoin) need that level of interactivity in order to get widespread general adoption. And yes, I realize that this means you will have to trust certain parties to some extent to handle your transactions. Banks are not in and of themselves egregious, but the modern banking system is built on a house of cards with a foundation of air backed by the full faith and credit of known liars. A banking system using bitcoin or alts or some combination thereof would not be able to use fractional reserves without being caught out nearly instantly, and could be rather seriously held to account if they tried. These are some of the things that need to happen in order for cryptos to get out of the hands of the enthusiast and into the hands of Joe Sixpack. Without some sort of instant settlements system like VISA, the average guy is not going to be able to go to Starbucks and get a latte. Until that is available, it will remain more abstract and fail to gain traction. BTC is making moves in this direction already, but the alt community, for the most part, is happy with trading solely for bitcoin, which then gets traded for fiat, goods and services, etc. BTC has built a fairly good beginning economy. Alts have not. This has less to do with technical issues than it does with the attitudes of the communities involved. BTC has the first mover advantage, and most alt traders see alt coins as simply a vehicle to gain BTC. So long as that remains the case, the coins will always be "also ran" even though on merit, a great many alts beat the living fuck out of Bitcoin.

It is no accident that monetary policy is only vaguely alluded to in public schools in the US. I can't speak to other nations because I don't know. But the history I was taught in the 70's and 80's bears little resemblance to the actual history of the founding of the nation, and did not mention monetary policy AT ALL until they spoke of the great depression. And then they straight lied. We are spoonfed a version of history that makes the rulers look noble, if occasionally misguided. Fortunately for me, I am a naturally inquisitive person. Unfortunately, I was in my 3rd decade when I started to understand the pervasive nature of the ponzi scheme known as the federal reserve, and to learn that it was the proximate cause of the so-called business cycle.

I agree that TEK and other high POS coins are a fair hedge against fiat money, but I also think they need to be a) decoupled from bitcoin and b) given a great deal more public exposure. I'm working on the first part, but don't know what to do about the second

Glad to see there is like-mindedness here. I can only speak as a Canadian, and here our banks are revered, almost perversely worshipped as pillars of the economy because we survived the 2008 financial crisis largely unscathed. But it was much due to oil wealth and government back-stopping, contrary to the official line. This time will be different if the global recession we are entering is protracted and oil production remains unprofitable -- hubris has given us massive bubbles in real estate and personal debt. Deflation will absolutely slam us. However, very few expect this. A great humbling will come.

But to stay on topic, I believe and have put money into cryptos like TEK for the reasons you state, a hedge against insane monetary policy. And it would be my wish that the growing communities of these coins band together and form an alt economy, as practical as that can be when we're all scattered across the globe. It could involve business partnerships, trade, investments, financing, angel funds, rewards, charity -- you name it. This might give coins like TEK needed utility, extra value and differentiate it from the others. Cheers.

Have a look at what I said to dollux, because I suspect we're already on the same page for the most part. The company I work for is in Canada, and it's founders believe much as you do. I live in the US, unfortunately, and I'm watching it turn into the Fourth Reich with a growing feeling of helplessness. It is my goal to get my savings, such as it is, out of dollars, but right now it's simply impossible to do so with BTC. But if I could buy and trade with a basket of alts, such as TEK and HYP which grow in size if not value, then I think I would have a good hedge.

As for "I'm working on the first part": I work under a rather restrictive NDA, but go here: www.incryptex.com There will be a lot more information forthcoming in the near future. Without permission, I can't say much more than that. But we're all crypto believers, and we have the backing to make things happen. But with the failures and just plain sloppiness that abound in the crypto world, we're being very, VERY careful to get it right the first time.

Yeah, that's part of it. As a matter of technical truth, Bitcoin and alts settle and are finalized in minutes to hours, whereas fiat monies generally take seven to fourteen days. But your Joe don't know that, because his VISA works right now (apparently, if not in reality). Alts (and bitcoin) need that level of interactivity in order to get widespread general adoption. And yes, I realize that this means you will have to trust certain parties to some extent to handle your transactions. Banks are not in and of themselves egregious, but the modern banking system is built on a house of cards with a foundation of air backed by the full faith and credit of known liars. A banking system using bitcoin or alts or some combination thereof would not be able to use fractional reserves without being caught out nearly instantly, and could be rather seriously held to account if they tried. These are some of the things that need to happen in order for cryptos to get out of the hands of the enthusiast and into the hands of Joe Sixpack. Without some sort of instant settlements system like VISA, the average guy is not going to be able to go to Starbucks and get a latte. Until that is available, it will remain more abstract and fail to gain traction. BTC is making moves in this direction already, but the alt community, for the most part, is happy with trading solely for bitcoin, which then gets traded for fiat, goods and services, etc. BTC has built a fairly good beginning economy. Alts have not. This has less to do with technical issues than it does with the attitudes of the communities involved. BTC has the first mover advantage, and most alt traders see alt coins as simply a vehicle to gain BTC. So long as that remains the case, the coins will always be "also ran" even though on merit, a great many alts beat the living fuck out of Bitcoin.

I live in the US, unfortunately, and I'm watching it turn into the Fourth Reich with a growing feeling of helplessness.

I can see that all the way from the UK, it's very worrying because they know more than we do, which means ultimately they are preparing for the shit to hit the fan and consolidating their own protection from it.I also see the UK creeping up the fascist league and the general Joe Sixpack population on the whole not even interested in what is really going on, instead getting all soaped up on misery jive.

As for "I'm working on the first part": I work under a rather restrictive NDA, but go here: www.incryptex.com There will be a lot more information forthcoming in the near future. Without permission, I can't say much more than that. But we're all crypto believers, and we have the backing to make things happen. But with the failures and just plain sloppiness that abound in the crypto world, we're being very, VERY careful to get it right the first time.

Yeah, that's part of it. As a matter of technical truth, Bitcoin and alts settle and are finalized in minutes to hours, whereas fiat monies generally take seven to fourteen days. But your Joe don't know that, because his VISA works right now (apparently, if not in reality). Alts (and bitcoin) need that level of interactivity in order to get widespread general adoption. And yes, I realize that this means you will have to trust certain parties to some extent to handle your transactions. Banks are not in and of themselves egregious, but the modern banking system is built on a house of cards with a foundation of air backed by the full faith and credit of known liars. A banking system using bitcoin or alts or some combination thereof would not be able to use fractional reserves without being caught out nearly instantly, and could be rather seriously held to account if they tried. These are some of the things that need to happen in order for cryptos to get out of the hands of the enthusiast and into the hands of Joe Sixpack. Without some sort of instant settlements system like VISA, the average guy is not going to be able to go to Starbucks and get a latte. Until that is available, it will remain more abstract and fail to gain traction. BTC is making moves in this direction already, but the alt community, for the most part, is happy with trading solely for bitcoin, which then gets traded for fiat, goods and services, etc. BTC has built a fairly good beginning economy. Alts have not. This has less to do with technical issues than it does with the attitudes of the communities involved. BTC has the first mover advantage, and most alt traders see alt coins as simply a vehicle to gain BTC. So long as that remains the case, the coins will always be "also ran" even though on merit, a great many alts beat the living fuck out of Bitcoin.

I live in the US, unfortunately, and I'm watching it turn into the Fourth Reich with a growing feeling of helplessness.

I can see that all the way from the UK, it's very worrying because they know more than we do, which means ultimately they are preparing for the shit to hit the fan and consolidating their own protection from it.I also see the UK creeping up the fascist league and the general Joe Sixpack population on the whole not even interested in what is really going on, instead getting all soaped up on misery jive.

I'm glad you found the global link I knew about it ten days before it happened, but couldn't say so. As to the rest, especially your last lines, it bugs the hell out of me how complacent people are. I am a history buff, and I frankly did not believe the stories of how Germans in the late '30s simply did not notice what the Nazi's were doing. Now I do. I see it all around me. The United States has become a rather open police state in my adult lifetime. I am 46, and the country I was born in no longer exists. It's disgusting, frightening, and seems unstoppable. This is not the world I want for my children. I think the Crypto movement is a good mitigation, but I don't think it fast enough to turn things around. However, it will be a structure in place for those who have to pick up the pieces when the house of cards falls down. The world is frankly too interconnected and complex to go back to a pure gold standard. But cryptos are close enough to work.

I'm glad you found the global link I knew about it ten days before it happened, but couldn't say so. As to the rest, especially your last lines, it bugs the hell out of me how complacent people are. I am a history buff, and I frankly did not believe the stories of how Germans in the late '30s simply did not notice what the Nazi's were doing. Now I do. I see it all around me. The United States has become a rather open police state in my adult lifetime. I am 46, and the country I was born in no longer exists. It's disgusting, frightening, and seems unstoppable. This is not the world I want for my children. I think the Crypto movement is a good mitigation, but I don't think it fast enough to turn things around. However, it will be a structure in place for those who have to pick up the pieces when the house of cards falls down. The world is frankly too interconnected and complex to go back to a pure gold standard. But cryptos are close enough to work.

Hi Biomech, thanks for getting back to this I agree with you mostly, except I think money is the problem not the answer, I will try to get back to it at some point but I wounder if somebody might slam us for going just a bit off topic, anyway thanks again and I am trying find out more about your employers. All the best.

I'm glad you found the global link I knew about it ten days before it happened, but couldn't say so. As to the rest, especially your last lines, it bugs the hell out of me how complacent people are. I am a history buff, and I frankly did not believe the stories of how Germans in the late '30s simply did not notice what the Nazi's were doing. Now I do. I see it all around me. The United States has become a rather open police state in my adult lifetime. I am 46, and the country I was born in no longer exists. It's disgusting, frightening, and seems unstoppable. This is not the world I want for my children. I think the Crypto movement is a good mitigation, but I don't think it fast enough to turn things around. However, it will be a structure in place for those who have to pick up the pieces when the house of cards falls down. The world is frankly too interconnected and complex to go back to a pure gold standard. But cryptos are close enough to work.

Hi Biomech, thanks for getting back to this I agree with you mostly, except I think money is the problem not the answer, I will try to get back to it at some point but I wounder if somebody might slam us for going just a bit off topic, anyway thanks again and I am trying find out more about your employers. All the best.

It's relevant, and if Thundertoe has a problem, he'll tell me

Could you elaborate as to what you mean about money being the problem? As an anarcho-capitalist, I have a bit of a kneejerk reaction to that statement, but since I don't know what you mean, I'm assuming it's a false reaction

We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!

Before that they posted something about moving their paouts to every 2-3 days or so because of the cost to operate.

I moved my hash from there the minute they said something about anything... As soon as you see a "We're having problems..." post... you need to get out.

I have been mining the pool since it opened and have not had any issues in getting coins, the last 18 days between 80 to a 100+ a day, with an S1 AntMiner 180gh.

I am not happy about this below but don't see that there is much can be done about it, also it seems they are not the only ones shutting up shop.

Quote

We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!

With any luck I will have altcoinpool running again in a few days. The VM machine it is on got real sick and work has kept me from getting it relocated to another machine. Then people will have a place to mine tek again.Im not in it for the money like thepool, Im just doing it for fun and the community